Extract from Lords debate on Universal Sustainable Developments Goals - Nov 22

Lord Thomas of Gresford (LD):...We face dangers in our society in the area that the 16th goal refers to. On money laundering, the British Government’s own anti-corruption strategy, published in December 2017, said:

“The UK’s role as a global financial centre is important to the country’s prosperity but can also be exploited by criminals. The 2016 National Strategic Assessment of Serious and Organised Crime notes that the UK is one of the most attractive destinations for laundering the proceeds of grand corruption and that professional enablers and intermediaries play a role in this. The National Crime Agency estimates up to £90 billion of illicit funds are laundered through the UK each year”...

To read the whole debate, CLICK HERE